01RS HB173


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HB 173 (BR 828) - R. Damron, J. Barrows, R. Wilkey

     AN ACT relating to school facilities construction.
     Amend KRS 157.615 to provide that "available local revenue" for school building construction shall no longer include the balance of the general fund budget above 10% and shall now include the bonding potential of capital outlay and building funds and account balances as of June 30 of odd-numbered years; and to delete from the definition of "equivalent tax rate" income from voted building taxes; amend KRS 157.620 to require the district board of education to restrict construction revenue on July 1 of each odd-numbered year to be used in accordance with the most current school facilities plan approved by the Board of Education; and amend KRS 157.622 to conform.

     Feb 6-introduced in House
     Feb 7-to Education (H)
     Feb 8-posted in committee
     Feb 14-reported favorably, 1st reading, to Calendar
     Feb 15-2nd reading, to Rules
     Feb 19-posted for passage in the Regular Orders of the Day forTuesday, February 20, 2001
     Feb 20-3rd reading, passed 98-0
     Feb 21-received in Senate
     Feb 26-to Education (S)
     Feb 28-reported favorably, 1st reading, to Calendar
     Mar 1-2nd reading, to Rules
     Mar 22-posted for passage in the Regular Orders of the Day for Thursday, March 22, 2001; 3rd reading, passed 36-0; enrolled, signed by each presiding officer, delivered to Governor
     Mar 30-signed by Governor (Acts ch. 165)

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